# Introduction

MakerDAO is a leading decentralized autonomous organization (DAO) in the  DeFi (Decentralized Finance) space, offering decentralized financial services through its stablecoin, [DAI](https://en.wikipedia.org/wiki/Dai_\(cryptocurrency\)). 

In MakerDAO, decision-making is delegated to its community of **MKR governance token** holders, who vote on proposals to shape the organization's future. 

This case study examines the challenges and opportunities that arise from decentralized decision-making in the context of MakerDAO.

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This case study is part of the Innovation and Strategy in Fintech module taught by [Prof. Ying-Ying Hsieh](https://www.imperial.ac.uk/people/y.hsieh) for the Finance & Accounting program at Imperial College Business School. 
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© 2023 Xule Lin & Ying-Ying Hsieh. This work is licensed under a [Creative Commons Attribution-NonCommercial 4.0 International License](http://creativecommons.org/licenses/by-nc/4.0/).